Recent events in the cryptocurrency market indicate a significant recovery, including a 12% rise in the HYPE token.
Market Trends
The cryptocurrency market exhibits signs of recovery, with a total capitalization rising to $3.87 trillion. Bitcoin increased by 1.25% to reach $111,526, while Ethereum surged 4.45% to $4,629.
Bitcoin Whale's Move to Hyperliquid
A transaction involving 22,000 BTC by one of Bitcoin's major holders has drawn significant attention to Hyperliquid. This holder, possessing more than $11.4 billion in Bitcoin, executed this transfer, confirming growing interest in Hyperliquid.
Future of HYPE Token
HYPE gained more than 12% in the past 24 hours, reaching a new high of $50.82. Analysts suggest that if the token can break the current resistance, it may rise to $55. Further predictions indicate that HYPE could reach $58, although a drop below $49 might see the price retreat to $44-$42.
The situation in the cryptocurrency market reflects increasing interest in Hyperliquid and its HYPE token, signaling new opportunities for investors and traders.
